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20121027
20121104
Search Results 0 to 21 of about 22 (some duplicates have been removed)
driving bonus check? every six months without an accident, allstate sends a check. ok. [ voice of dennis ] silence. are you in good hands? >> welcome back, sandy is heading for the east coast. the threat of a super storm is still high. even though the national hurricane center downgraded sandy to a tropical storm, our own rick reichmuth saying don't pay attention to that. >> many people bracing for what lies ahead. from the outer banks of north carolina, bruce, what are you seeing? >> well, so far not too bad. we always hear about the calm before the storm. and i guess that's where we are. it is breezy out here. but if you have ever been to the your banks it's pretty much always windy. the one indication that we have that there is a storm in the atlantic approaching the north carolina coast. the waves. let's show you. you can see them pounding this pier and this pier is likely to take a pretty big pounding over the next 24 to 48 hours. the waves here will likely only get rougher. they will only get worse. emergency management officials are warning of ocean and sound side flooding of thre
pending the outcome of the presidential race, a week from now. among insurers, allstate, travelers and chubb corp have the largest market share in sandy's path. corelogic, estimates it includes 284,000 homes worth $88-billion dollars. economists are mixed on whether the storm's impact will affect fourth- quarter g-d-p. mark vitner, senior economist with wells fargo securities says it depends how much is shut down and for how long. mark zandi at moody's analytics says the storm may cause spikes in economic activity--repairing and rebuilding. depsite the storm-- the government is expected to report unemployment numbers for october this friday. phone companies along the east coast are preparing for the likelihood of overtaxed communication infrastructure during hurricane sandy. at&t is fueling up emergency portable generators and disaster recovery trailers to move into affected areas. authorities recommend people use text messaging rather than phoning or internet during large scale disasters. texting uses far less network capacity. several corporations are postponing earnings reports
i cover - allstate, chubb, hartford and travelers - the balance sheets on these guys are actually phenomenally, phenomenally strong. there is definitely some potential downside here, but i wouldn't really see anything probably more than a 5% pullback. if these stocks really are volatile, and get hit later today, then you know what i would do? i would be a buyer. i would watch for option volatility to be enormous. it might be a great time to buy stock, maybe sell some upside calls. > > good to have you on the show this morning. that's scott bauer of trading advantage. don't go anywhere. coming up next, which way will the market move? that's next in chart talk. traders are poised to get back on the job today. one of those traders is dan deming of stutland equities. good morning to you, dan. > > good morning angie. > > what's it been like being off for a couple of trading days here? > > it's kind of a very bizarre extended weekend. we haven't encountered this really going back to, i guess, 9/11, but prior to that it's been probably 20-some years for the market to be closed due to wea
, but they say the companies with the most exposure include: liberty mutual, travelers, allstate, and chubb. auden thinks those firms will be able to shoulder a financial hit if the storm's damage mirrors that of irene. >> with every event companies gather more information on potential losses, so catastrophe losses become much more sophisticated. companies use those to measure aggregation of losses and potential losses from a given event. >> reporter: damage from wind, falling trees, and rain coming through roofs is covered by standard insurance policies. but analysts fear much of the damage from sandy to homes and businesses is likely to come from storm surge flooding which isn't. the insurance information institute estimates roughly 300,000 homes in the northeast could be vulnerable to this type of event. but the institute is optimistic many homeowners have flood insurance. >> nothing sells flood coverage like a flood and when hurricane irene hit last year there was widespread flooding throughout the northeast and many people did go out and buy flood insurance policies after that. so as l
allstate and others. it shares in frankfurt trade add building 0.15%. visa's fourth quarter profits beating forecasts. no make money from processing trk. via processed more than 14 billion transactions during the quarter and the decline in debit card volume has been slowing. >>> and barclays being accused for allegedly manipulating prices. the bank and four former traders are said to have carried on out the activity from 2006 to 2008. barclays says it will fight the agen agency. and politics in europe not getting any better. david cameron, rebels within his own party voted against his eu budget plan. not what cameron was hoping for. he's worried it could lead to britt continue leaving the european union. there's a sense here as britain goes through austerity why we continuously are upping the budget for the european union, right? which i think a lot of people -- >> no, but of course given all this in the run up to these budget talks, it's clear that any fractions are being exacerbated -- any frictions are being exacerbated within the eu, will britd continue ultimately call a referendum? >>
by allstate. click or call. post game wrap up. >> miles, any thoughts about your brother's new restaurant, the cardinal? >> yes, boycott it. they have almost no vegan options and it is disgusting. they have southern food in new york city. it belongs south of the mason dixon line. don't go to the cardinals. there is meat and barbecue. >> have i to move on. imogen any hints of what we can look forward to in downtown abbie? >> pbs is taken off the air. >> who did you hang out before the election? >> marion barry. >> dan, where will you be? >> laughs in kirkland, washington november 1st to the third. >> i have no idea what you said. >> laughs in irk c land. in kirkland, washington. ig fox.kirkland, ontario?
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opportunity. if you look at some of the companies like allstate or travelers which have a lot of exposure as well, some good buying opportunities. even though the numbers are high here, potentially as high as the $20 billion range, there's enough capital to deal with this. i think it could be a buying opportunity. >> we're trying to anticipate the nature of the markets tomorrow when we open after two days being off. it's hard to assess that before it actually happens. do you think there might be a number of people who will want to raise cash and maybe want to sell in this market environment as they try and rebuild? is that going to be a trend for a while, do you think? >> well, certainly the insurance companies are going to have to raise cash because they're going to have to pay out. we'll see all sorts of markets that may have stocks for sale. it is month end as well. i think you have some portfolio rebalancing. some mutual funds have their fiscal year happening. i think the market will certainly get tested to see if they're ready for it because it's month end and the need for people to
stocks, allstate, progressive, chubb, and if you take a look, you can see allstate opened down, then rallied since, but the volumes very, very light, nothing abnormal, so if you look at all of them, most of this em -- not a lot of volume, not a lot of activity, and i will continue to drive on this theme, what i am hearing is people are sitting on their hands and don't expect a lot of movement until early next week. >> we want to bring in jim paulson, chief investment strategist, brian belski, chief strategist with bmo capital market guys. good to see you guys. jim something wrote how great does that opening bell sound? it was a good thing to have. >> i think so. ty end of the day i think this is more a human tragedy and t-term economic hit, because it wasn't a financial panic which closed the market, which a lot of closures have been panicky. but even though it was closed for four consecutive days, it was opening elsewhere. and every day we had pricing action going on somewhere. futures here, overseas market, that allowed us to keep track of where we were, so i think that took
in the northeast. allstate, travelers, chubs, aig, hartford, any number of those would have exposure to the northeast. >> what were the other? >> allstate, travelers, chubs, aig, hartford. >> gloria, we have to run, quick question and i know two years does not make a trend, given we have two storms in way we haven't had in many years does that change how insurance is going to be marketed for example up here? >> i don't think it's going to change how it will be marked. i think demand will pick up. there's nothing like seeing your neighbor's house float away or burn down or have some problems for to you want to go out and buy more coverage in the future, so i think you'll see increased demand. i think pricing will get an extra little boost. i don't know if it's enough to make this a hard market but rates have been moving up because of the losses from last year, but also because of very low investment yield. >> gloria vogel, thank you for joining us this morning. appreciate your perspective. >> thank you. >>> i think we have a shot of seaside heights, where if you remember yesterday, th
insurers here in new jersey. about 11% market share. liberty mutual and allstate just below that with about 8%, and then chubb falling just below that with just over 7%. we should also note that a report from credit sweet said that as losses start too get into the $20 billion and $30 billion, allstate and chubb will be set to benefit from some of that, though we should note with the markets just opening today, those are definitely going to be some stocks that people will be watching as the market reopens and some of this damage is to be expected. of course, residents no doubt still reeling, and governor christie said fema will be a strong force here, no doubt, for many, many months. and he kept stressing that word, noting that this will be a very long recovery process. people are just starting to try and put the number on very early estimates. back to you. >> kayla, it looks like we're taking a few hits from your shot, but it is surprising to see the lights behind you. i don't know if you can still hear us, kayla. have they had these lights on the whole time with generators? is that a new c
pacific region. allstate earned $1.46 a share for the third quarter. 33 cents above estimates with revenue also beating consensus by a wide margin. the insurance company saw increased revenue from premiums as well as smaller catastrophe losses. and jda software reportedly on the verge of being acquired by new mountain. they'll pay $45 a share. a tooflgts $1.9 billion. the stock had jumped 12% yesterday on reports that the company might put itself up for sale. >> if you have comments, questions about anything you see here, squawk the at cnbc.com. still ahead, tech jobs in america, how many are really out there and are they being filled? that's coming up next. plus kate kelly will be checking the supply chain for gasoline getting in to the tri-state area. i'll have to ask her if i have to car pool back into the city after the show. ♪ [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ >>> take a look at u.s. equity futures. s&p 500 would be off marginally. nasdaq would be up marginally after a r
Search Results 0 to 21 of about 22 (some duplicates have been removed)